| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 5,725 | $291,402.5 | $346,362.5 | $54,960 | 18.86% |
| NASDAQ (NMS) Exchange | US Country |
The fund is an actively managed exchange-traded fund (ETF) that focuses its investments on the global banking sector. It aims to offer investors exposure to equity securities of companies actively involved in various banking activities worldwide. The fund emphasizes a strategy that invests a substantial portion of its assets directly into the securities that form the crux of the global banking sector, including both direct equities and the representation of these equities in the form of American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). Designed for investors seeking specialized exposure in the banking sector, this fund operates with a non-diversified status, allowing it to make significant investments in a concentrated selection of securities that it believes have the potential for growth and profitability in the banking industry.
The fund offers investment products and services targeted at the global banking sector, detailed as follows:
At its core, the fund invests in equity securities of companies within the global banking sector. These investments aim to capture the growth and income potential of traditional banks, investment banks, and other financial institutions engaged in banking services worldwide. By focusing on equity securities, the fund seeks to benefit from capital appreciation as well as potential dividends that banking stocks may offer.
The fund incorporates ADRs into its portfolio, which are negotiable certificates issued by a U.S. depositary bank representing a specified number of shares—often one share—of a foreign company's stock. The ADRs allow the fund to invest in non-U.S. banks with the ease of trading in U.S. markets, providing a broader international exposure to the global banking sector.
Similar to ADRs, GDRs are employed by the fund to invest in banks outside of the United States. However, GDRs are available on international markets and are often offered across multiple countries, allowing the fund to diversify its investment portfolio by gaining access to banking securities on a global platform. Like ADRs, GDRs offer a practical way for the fund to own foreign bank stocks without the complications of investing directly in the company's home stock market.